Gordon, Nebraska Property Taxes
The median property tax rate in Gordon, NE is 1.91%, considerably higher than both the national median of 0.99% and the Nebraska state median of 1.75%. With the median home value in Gordon, the typical annual property tax bill reaches $1,162, which is below the national median of $2,690. Property taxes in Gordon are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Gordon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Gordon or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gordon, Nebraska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$1,292
$1,199
Ownwell’s Gordon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gordon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gordon to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Gordon, Nebraska
Property taxes in Gordon, Nebraska, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Gordon is 1.91%, significantly higher than both the Nebraska state median and the U.S. national median of 0.99%. Local government entities within Gordon set these rates annually, and they can vary across different neighborhoods. Each year, Gordon estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Gordon's effective property tax rate to other counties in Nebraska and the national median. For comparison, the 69343 zip code has the highest median property tax rate of 1.91%, while the same 69343 zip code also has the lowest median tax rate of 1.91%. Understanding how these areas compare with Gordon provides valuable insights into the varying tax landscape across Sheridan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gordon Tax Rate
1.91%
Average Sheridan County Tax Rate
1.78%
Average Nebraska Tax Rate
1.75%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gordon, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69343 | 1.39% | 1.41% | 1.91% | 1.91% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Gordon, Nebraska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Gordon, Nebraska. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Gordon, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Gordon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Gordon is $1,162 in the 69343 zip code, while the lowest median tax bill is also $1,162 in the same zip code, reflecting a consistent tax environment.
Average Gordon Assessed Value
$67,668
Average Sheridan County Assessed Value
$70,524
Average Nebraska Assessed Value
$182,439
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gordon, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69343 | $22,636 | $41,218 | $67,668 | $115,010 | $220,949 |
Source: Ownwell
Property Tax Bills Across Gordon, Nebraska
In Gordon, located in Sheridan County, NE, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the home's market value. For instance, with a median home price of $67,668, homeowners in Gordon can expect their property tax bills to vary significantly. Factors such as the home's location within the county, property size, and any applicable exemptions can influence the final tax bill. Homeowners in Gordon face property tax bills that range widely. The 25th percentile tax bill is around $685, while the 75th percentile reaches $1,986. At the 90th percentile, some homeowners might pay as much as $3,266. These figures show how property taxes can impact household budgets, with some paying more than others based on their property's assessed value. Compared to the national median property tax rate of 0.99%, Gordon's property tax bills reflect the local economic conditions and property values.
Average Gordon Tax Bill
$1,162
Average Sheridan County Tax Bill
$1,197
Average Nebraska Tax Bill
$3,071
Average United States Tax Bill
$2,690
Property Tax Bills Across Gordon, Nebraska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 69343 | $294 | $685 | $1,162 | $1,986 | $3,266 |
Source: Ownwell